Easy Money

We're taking off 1/2 our position on AAPL and moving our stop to 292. Locking in +10 points. Nothing more to say. Chart nailed it.

Worth Watching

The following stocks are poised to move higher. Entry price wil be critical. We recommend using your swing charts as stated in the Rampage Trading Manual. VHC, RES, ISLN, CPX, BONT.

Morning Commentary

Stock futures are up this morning as expectations are running high that the Fed will take further action to bolster the economic recovery. The dollar is trading down. The dollar and equities have been inversely correlated as investors leave the perceived safety of the greenback and put money into stocks. Bond markets and federal offices are shut in the U.S. Monday for the Columbus Day holiday. No economic data are due for release. Investors will be looking ahead to key earnings this week. Tuesday kicks off with chip maker Intel, Wednesday features JP Morgan, Google reports Thursday and General Electric will announce results Friday.

Fantastic Week

Wow, what a great week. We caught some great moves both long and short. We would also like to congratulate our subscribers as many of them have been commenting and writing in to us detailing their trades. Great job everyone. The concept of this game is simple - keep your losers small and let your winners run. Please review our posts from this last week as an illustration. Our software was designed to give traders a high probability method to position themselves on the right side of the market. It will tell you precisely where the balance of buyers and sellers begins to shift and a change of direction becomes imminent. We almost exclusively work with hedge funds, money managers and other institutions but over the past few months (time permitting) we have been working with a few retail traders and we can honestly say, it's been a pleasure. We are happy to share our talents and are humbled by the success of others. We have been really busy managing portfolios and consulting with our clients but we hope you have enjoyed our posts and we try to stay as active as we can. Unfortunately, we only have so much time in one day so we can't post all the time. As to the markets, we constantly hear people trying to call a top. Does this attached chart of the SPY scream SELL? Our charts have been on a buy for some time now and when a reversal triggers, we'll have plenty of time to get in and catch it. Have a great weekend. www.rampagetrading.com

Closing Bell

The Dow closed above 11,000 today for the first time in five months as hopes built that the Fed will take more action to get the economy going again. A weaker jobs report added additional expectations that the Fed will announce new steps to encourage borrowing when it meets in early November. The assumption is that if the Fed keeps lowering rates then this will drive investors into riskier assets like stocks or into currencies in countries with more attractive interest rates.

Picture Perfect

When we hear people say that this market is only good for daytrading, we have to respectfully disagree. There have been a plethora of swing trade and position trade opportunities everywhere this past year. Attached you will find a recent swing trade chart of FXE. This was an easy trade for us and for our clients. The point is, if you feel your account isn't gaining any ground or you are being whipsawed and your commissions are eating you alive, please rethink your strategy for this market. We can show you chart after chart of great trades that flow with the natural rhythm of price action. This market provides great setups day in and day out in any time frame so be sure to adapt.

GLD

Perfect looking pullback in GLD as a few of our fund manager clients used the opportunity to buy the dip. Congratulations!

Volatility

The jobs report was released this morning and the economy lost 95,000 Jobs in October which was worse than expected and the unemployment rate held at 9.6%. We are seeing some wild swings in the ES pre-market. If you are daytrading this morning, please use our recommended time frames located in your trading manual. Metals and mining sold off hard yesterday but so far it looks like a pullback. Ideally, we would like to see some follow through in the overall market.

Worth Watching

The following stocks are poised to move higher. Entry price wil be critical. We recommend using your swing charts as stated in the Rampage Trading Manual. DCTH, ITMN.

Another Day...Another Dollar

What a great day. We caught some fantastic moves long and short. As you can see from the attached SPY chart, no technical damage has been done to the bull case. The jobs report due out tomorrow morning should hold some more clues for near term direction. Stay tuned.